Rapala VMC - Company Announcement

RAPALA REFINANCES ITS BANK DEBT

Rapala VMC Corporation
Stock Exchange Release
April 16, 2012 at 4:00 p.m.


Nordea, Pohjola and SEB provide new 5-year loan facilities total of 150 MEUR

Rapala VMC Corporation ("Rapala") has today finalized the refinancing of its
bank loan facilities. Bilateral loan agreements signed simultaneously with
Nordea Bank Finland Plc , Pohjola Bank Plc and Skandinaviska Enskilda Banken AB
(pub) provide a new total facility of 150 MEUR. New facilities include 5-year
amortized term loans of 50 MEUR, 5-year bullet term loans of 20 MEUR with a 2-
year extension element and 5-year committed revolving credit facilities of 80
MEUR. The new facilities are unsecured and include normal net debt, EBITDA and
equity based financial covenants. The new total facility will provide
flexibility to arrange Group's seasonal and long term funding and strengthens
Rapala's capabilities to finance its strategy of profitable growth.

Commercial Paper Program extended to 40 MEUR

Simultaneously with refinancing its bank loan facilities Rapala has made a
decision to extend the size of its existing commercial paper program from the
current 25 MEUR to 40 MEUR. Commercial paper program is utilized to satisfy
Group's short-term funding needs cost-efficiently.


RAPALA VMC CORPORATION

Jorma Kasslin
Chief Executive Officer



For further information, please contact:

Jussi Ristimäki, Chief Financial Officer, tel. +358 9 7562 540

Distribution: NASDAQ OMX Helsinki and Main Media

Rapala  VMC Corporation  (Rapala) is  a leading  fishing tackle  company and the
global  market leader in fishing lures,  treble hooks and fishing related knives
and  tools.  The  Group  also  has  a  strong  global  position in other fishing
categories  and it is  one of the  leading distributors of  outdoor, hunting and
winter  sport  products  in  the  Nordic  countries.  The  Group has the largest
distribution  network  in  the  industry.  The main manufacturing facilities are
located  in Finland, France,  Estonia, Russia, China,  Indonesia and the UK. The
Group  brand portfolio includes  the leading brand  in the industry, Rapala, and
other  global brands like VMC, Sufix,  Storm, Blue Fox, Luhr Jensen, Williamson,
Dynamite  Baits, Marttiini and Peltonen.  The Group, with net  sales of EUR 279
million  in 2011, employs some  2 000 people in 37 countries.  Rapala's share is
listed and traded on the NASDAQ OMX Helsinki stock exchange since 1998.


[HUG#1602697]

Attachments:

Stock Exchange Release.pdf